Results and Findings
CEA study found total savings (in 2001 dollars) ranging from $780 million to $871 million for Dominion Virginia Power residential customers during capped rate period (1998-2007).
Savings consisted of three elements.
- Savings for period 1998-2001 from SCC-imposed cap implemented by August 1998 settlement: $285.6 million.
- Savings predicted by CEA models for 2002-2007 capped rate period prescribed by Restructuring Act: $302.7 million to $393.7 million.
- Savings resulting from company’s inability to obtain rate relief to cover extraordinary expenses during 2002-2007 period: $192 million.